Textile
US: Stein Mart reverses Q4, FY losses
Thu, 18 Mar 2010 17:47:00 GMT
Tight controls over inventories and expenses have helped Stein Mart Inc reverse fourth quarter and full-year losses, the fashion retailer said today (18 March).
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US: Murray named new Urban Outfitters president
Thu, 18 Mar 2010 14:58:00 GMT
Urban Outfitters brand president Tedford Marlow is to retire in April, and will be replaced by VF Corporation executive Steve Murray, the specialist retailer announced.
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US: Guess profits leap 80.7% without charges
Thu, 18 Mar 2010 17:07:00 GMT
Fashion firm Guess increased its profits 80.7% during the fourth quarter, exceeding its expectations.
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COMMENT: British design at risk as talent moves overseas
Thu, 18 Mar 2010 16:53:00 GMT
Thinking like a designer can transform the way brands develop products, services, processes and even strategy. So why is it that Britain, a country so good at training designers, fails to make use of its own talent?
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US: New York & Co swings to Q4 profit
Thu, 18 Mar 2010 16:54:00 GMT
Specialty apparel chain New York & Company Inc has swung to a fourth quarter profit after lower costs and inventories helped offset falling sales.
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UAE: Destination Maternity opens first Dubai store
Thu, 18 Mar 2010 15:21:00 GMT
Specialist retailer Destination Maternity has opened its third store in the Middle East and first in Dubai.
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UK: M&S details Rose exit
Thu, 18 Mar 2010 14:36:00 GMT
Marks and Spencer has provided details of the planned departure of its executive chairman Sir Stuart Rose, who will leave the company next March.
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ANALYSIS: Nike gains momentum from the woes of others
Thu, 18 Mar 2010 14:23:00 GMT
Taking the figures in isolation, it appears that Nike president and CEO Mark Parker is indulging in a little pre-World Cup hype when he calls the company's third quarter "great".
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PAKISTAN: Strike goes ahead at US$20m export cost
Thu, 18 Mar 2010 14:31:00 GMT
Member mills of the All Pakistan Textile Mills Association (APTMA) observed a nationwide strike today (18 March) against the restrictions on the exports of cotton yarn from the country, with the action estimated to have cost US$20m in textile and garment exports.
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US: Nike hails "great quarter" as Q3 profit rises
Thu, 18 Mar 2010 13:05:00 GMT
Sporting goods giant Nike hailed its fiscal third quarter as "great" after underlying net profit edged up 2% to US$496m.
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ANALYSIS: Ratings agencies mull PVH investment
Thu, 18 Mar 2010 14:13:00 GMT
Clothing giant Phillips-Van Heusen (PVH) has much to gain through this week's acquisition of fashion brand Tommy Hilfiger, but the EUR2.2bn (US$3bn) price tag will take some funding, a fact that hasn't escaped two major credit rating agencies.
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UK: Jaeger launches Harvey Nichols outlets
Thu, 18 Mar 2010 11:56:00 GMT
Luxury fashion brand Jaeger has launched a series of shop-in-shops located in Harvey Nichols department stores in the UK and Ireland.
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ITALY: Court declares Mariella Burani insolvent
Thu, 18 Mar 2010 12:50:00 GMT
Italian fashion house Mariella Burani Fashion Group SpA has been declared insolvent by a court in the northern city of Reggio Emilia, where the company is based.
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UK: Ethel Austin administrators to close another 81 stores
Thu, 18 Mar 2010 12:52:00 GMT
Administrators of value clothing chain Ethel Austin say a further 81 stores are due to close by the end of this month, with the loss of 696 jobs.
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BRAZIL: Hyosung plans $100m spandex plant
Thu, 18 Mar 2010 12:54:00 GMT
South Korean yarn producer Hyosung is to invest over $100m in a new spandex production facility to manufacture 10,000 tons per year capacity in Brazil.
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SOUTH AFRICA: Sourcing event targets apparel and textiles
Thu, 18 Mar 2010 12:56:00 GMT
An Africa-wide sourcing event is being organised next month to bring buyers and retailers from around the world face-to-face with textile, apparel and trims suppliers across the continent.
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US: Online database helps build organic fibre supply chain
Thu, 18 Mar 2010 12:58:00 GMT
A new online database has been launched to help apparel companies track down spinners, knitters, weavers, dyers and manufacturers who are certified to the Global Organic Textile Standard (GOTS).
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SPAIN: Burberry production return unlikely - union
Wed, 17 Mar 2010 17:33:00 GMT
Burberry is unlikely to make any make any future collections in Spain following its decision to close its Barcelona factory in move that will see 300 workers leave the site at a reported cost of GBP60m (US$92.2m), a trade union official told just-style on Wednesday.
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CHINA: Majority of imported clothing fails check
Wed, 17 Mar 2010 15:32:00 GMT
A random quality check on clothing batches imported into the Chinese province of Zhejiang found that just 43.5% met the authorities' required standard.
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US: Rue21 to expand after Q4 profit surges 67%
Wed, 17 Mar 2010 12:18:00 GMT
Apparel retailer Rue21 is planning to open 100 new stores in 2010 after fourth quarter profit rose 67% to US$7.7m.
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AUSTRIA: Lenzing bullish despite 17% FY profit dip
Wed, 17 Mar 2010 12:30:00 GMT
Fibre manufacturer The Lenzing Group is optimistic about its prospects in 2010 despite a 17% dip in 2009 full-year profit to EUR64.4m (US$88.7m).
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US: Skechers breaks ground on new distribution hub
Wed, 17 Mar 2010 12:50:00 GMT
Governor of California Arnold Schwarzenegger was in attendance as footwear company Skechers USA broke ground on its new distribution centre.
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US: Volcom shuffles marketing executives
Wed, 17 Mar 2010 12:57:00 GMT
Youth-oriented apparel company Volcom has reorganised its marketing team and relocated marketing executive vice president Troy Eckert to Hawaii.
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SPAIN: Asia beckons as Inditex posts 5% FY profit rise
Wed, 17 Mar 2010 12:42:00 GMT
Clothing retail giant Inditex, owner of the Zara chain, is aiming to continue its expansion into Asia after posting a 7% rise in full-year profit to EUR1.31bn (US$1.8bn).
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JAPAN: Fast Retailing to focus on sub-brands
Wed, 17 Mar 2010 12:16:00 GMT
Fast Retailing, the operator of the Uniqlo retail chain, has unveiled a new strategy to create strong sub-brands based on product categories.
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UK: Incorporatewear implements SyscomERP solution
Wed, 17 Mar 2010 11:11:00 GMT
UK corporate clothing firm Incorporatewear has completed its commercial and operational implementation of SyscomERP.
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FRANCE: Court selects 3 Suisses bid for Quelle arm
Wed, 17 Mar 2010 10:43:00 GMT
A commercial court in Orléans has selected a takeover bid from catalogue firm 3 Suisses International (3SI) for domestic counterpart Quelle-La Source.
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PAKISTAN: Spinning plants prepare for mass strike
Wed, 17 Mar 2010 11:01:00 GMT
Around 400 spinning mills and members of All Pakistan Textile Mills Association (APTMA) will go on a nationwide strike on tomorrow (18 March) to protest against the restrictions on the exports of yarns from the country.
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US: VF to open Panama sourcing office
Tue, 16 Mar 2010 18:40:00 GMT
Apparel maker VF Corporation is to set up a supply chain office in Panama City to manage purchasing in the Latin America region.
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US: LLBean launches 100th anniversary Signature line
Tue, 16 Mar 2010 18:50:00 GMT
Outdoor apparel maker LLBean is launching a new men's and women's sportswear line to coincide with its centenary.
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UK: Moss Bros chairman David Adams resigns
Tue, 16 Mar 2010 18:13:00 GMT
Tailored clothing retailer Moss Bros Group Plc is searching for a new chairman after David Adams announced his resignation.
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VIETNAM: Hanosimex building new $39.8m garment complex
Tue, 16 Mar 2010 17:20:00 GMT
Vietnamese manufacturer Hanoi Textile Garment Company (Hanosimex) has begun construction of a new complex in the Dong Van II industrial zone in Ha Nam province.
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US: Victoria's Secret rolls out baseball apparel
Tue, 16 Mar 2010 17:28:00 GMT
US apparel retailer Victoria's Secret has launched an exclusive assortment of co-branded merchandise featuring the names and logos of a number of Major League baseball teams in the US.
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US: Carter's prices not deceiving, rules court
Tue, 16 Mar 2010 16:26:00 GMT
An appeals court in the US has cleared children's wear retailer Carter's of accusations it used deceptive pricing, after two customers filed separate lawsuits.
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VIEWPOINT: Brands can make a fashionable return
Tue, 16 Mar 2010 16:36:00 GMT
In the fickle world of fashion, brands fall in and out of style with alarming regularity. Driven by the relentless quest for what's new, different or improved, shoppers are erratic in their loyalties - and labels that fail to keep up are quick to fall off the fashion radar.
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CHINA: Ever-Glory profits despite tough environment
Tue, 16 Mar 2010 14:52:00 GMT
Chinese apparel company Ever-Glory International saw fiscal year profits improve, despite its sales being hit by the economic downturn during the period.
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US: DSW swings to fourth quarter profit
Tue, 16 Mar 2010 15:01:00 GMT
US footwear retailer DSW has swung to a fourth quarter profit on better sales during the period.
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US: Killick Datta to chair AAFA board of directors
Tue, 16 Mar 2010 12:30:00 GMT
Killick Datta, chairman and chief executive officer of International Brand Partners LLC, has taken over the reins as chairman of the board of directors of the American Apparel & Footwear Association (AAFA).
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UK: Sports Direct cleared for store purchases
Tue, 16 Mar 2010 12:49:00 GMT
The UK's Competition Commission (CC) has formally cleared the acquisition by Sports Direct of 31 stores from rival JJB Sports plc (JJB) following an inquiry.
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US: OpenGate Capital eyes Nicole Farhi profit
Tue, 16 Mar 2010 13:16:00 GMT
Private equity firm OpenGate Capital says hopes to turn in a profit at Nicole Farhi in its first year of ownership, after agreeing yesterday (15 March) to buy the fashion label in a GBP5m (US$7.5m) deal.
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SPAIN: ITMA 2011 sharpens focus on garment making
Tue, 16 Mar 2010 12:00:00 GMT
The organisers of the ITMA textile machinery trade show taking place next year are setting up a separate area dedicated to equipment for garment making and textile processing.
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UK: Own brands lift Debenhams H1 sales and profit
Tue, 16 Mar 2010 11:29:00 GMT
Department store retailer Debenhams Plc managed to weather January snowstorms to post a 1.7% rise in first-half sales, and says it is optimistic first-half profit will also be higher than last year.
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Tommy Hilfiger: The highs and lows
Mon, 15 Mar 2010 18:01:00 GMT
Launched as a men's wear brand in 1985, Tommy Hilfiger has weathered a series of ups and downs over the last 25 years - culminating with today's announcement that it is to be sold to US apparel firm Phillips-Van Heusen (PVH) in a $3bn deal. Here we chart the label's highs and lows.
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Spotlight on...Tommy Hilfiger buyout
Mon, 15 Mar 2010 17:59:00 GMT
The acquisition of Netherlands-based fashion brand Tommy Hilfiger by apparel giant Phillips-Van Heusen signals further industry consolidation, but seems to make operational sense for both companies. Joe Ayling reports on today's (15 March) US$3bn deal.
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US: Hibbett Q4 income leaps 54%
Mon, 15 Mar 2010 14:55:00 GMT
Higher sales have helped Hibbett report a 54% leap in fourth quarter net income. The sporting goods retailer said full year sales and income were also up, 5.2% and 10.5% respectively.
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US: Tommy Hilfiger to source independently despite deal
Mon, 15 Mar 2010 15:20:00 GMT
Tommy Hilfiger has told analysts it will continue its current sourcing arrangements but look for collaborations following its US$3bn sale to US apparel firm Phillips-Van Heusen (PVH).
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VIETNAM: Turkey extends shoe duties for three years
Mon, 15 Mar 2010 15:58:00 GMT
Turkey is to extend anti-dumping measures on some shoes imported from Vietnam for the next three years, after claiming that soaring shipments have harmed the local footwear industry.
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ANALYSIS: Chinese apparel firms face labour shortage
Mon, 15 Mar 2010 15:32:00 GMT
A year after Chinese manufacturers laid off millions of workers to cope with declining exports, many are now reporting a shortage of labour to meet the pick-up in demand from Western retailers. And factories fear they will be forced to raise wages this year if they are to attract enough workers.
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US: Anne Taylor Stores Q4 improves
Mon, 15 Mar 2010 13:57:00 GMT
Despite seeing an improvement in its fourth quarter, Ann Taylor Stores Corporation today reported a fall in full year sales. Income, however, showed an improvement over last year and the company's CEO said it had entered 2010 on a strong footing.
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US: New stores boost Citi Trends full year
Mon, 15 Mar 2010 14:32:00 GMT
A strong end to the year and new store openings have helped Citi Trends report double digit lifts in both sales and income. The company also said that it had made a strong start to 2010 and has predicted same-store sales up 3-4% this year.
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UK: French Connection to shut US stores, sell Nicole Farhi
Mon, 15 Mar 2010 14:55:00 GMT
Fashion retailer French Connection Group Plc is to close most of its loss making operations in the US sell its Nicole Farhi brand in a bid to return its core business to profit.
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US: True Religion to open first UK retail store
Mon, 15 Mar 2010 13:18:00 GMT
Upmarket denim and jeans maker True Religion Apparel Inc is set to open its first branded retail store in the UK in June.
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US: Phillips-Van Heusen to buy Tommy Hilfiger in $3bn deal
Mon, 15 Mar 2010 12:31:00 GMT
US apparel firm Phillips-Van Heusen (PVH) today (15 March) revealed it is to buy fashion brand Tommy Hilfiger for $3bn, in a move that will create one of world's largest and most profitable clothing companies.
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The week ahead on just-style...
Mon, 15 Mar 2010 11:56:00 GMT
Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling's snapshot of just-style's latest news and insights agenda.
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US: Restricted substances list gets sixth update
Fri, 12 Mar 2010 16:20:00 GMT
The American Apparel & Footwear Association (AAFA) today (12 March) published the sixth edition of its Restricted Substances List (RSL), covering product safety and environmental standards in the US and around the world.
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UK: SuperGroup offer heavily over-subscribed
Fri, 12 Mar 2010 16:10:00 GMT
SuperGroup has unveiled its heavily-oversubscribed IPO valuing the SurfCo California and 77Breed owner at around GBP395m (US$543m).
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Top stories on just-style this week...
Fri, 12 Mar 2010 16:22:00 GMT
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
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US: Walmart rebuts India low wage claims
Fri, 12 Mar 2010 16:25:00 GMT
US retail giant Wal-Mart has hit back at suggestions it is among several retailers not paying its workers in India the required minimum wage.
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HONG KONG: Pou Sheng to exit Jiezhixing venture
Fri, 12 Mar 2010 16:08:00 GMT
Chinese retail group Pou Sheng has announced terminating a joint venture clothing and accessories business called Jiezhixing.
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US: Reebok launches new TV adverts
Fri, 12 Mar 2010 15:35:00 GMT
Adidas Group-owned sporting goods company Reebok has launched one of two TV adverts under its new "Ree" marketing platform.
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THE FLANARANT: Imagination's better than a begging bowl
Fri, 12 Mar 2010 15:47:00 GMT
Turkey's about to hire lobbyists to try to secure duty-free access for its garments to the US, and Pakistan's about to spend money on a similar campaign to stop paying EU import duty. But instead of investing a fortune on what is likely to be a fruitless exercise, Mike Flanagan believes they could be doing more to help themselves.
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ITALY: IT Holding agrees job cuts with unions
Fri, 12 Mar 2010 14:38:00 GMT
IT Holding SpA, the Italian fashion group that has been in special administration for more than a year, has agreed with unions to begin redundancy procedures for up to 450 workers.
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US: Pacific Sunwear "encouraged" despite Q4 loss
Fri, 12 Mar 2010 14:37:00 GMT
Falling sales and a tax charge have combined to widen fourth quarter losses at Pacific Sunwear of California Inc, but the teen clothing retailer expects to be back to positive same-store sales by the end of the current year.
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US: American Eagle opens first international stores
Fri, 12 Mar 2010 14:39:00 GMT
Teen apparel retailer American Eagle Outfitters Inc is expanding outside of North America for the first time this month, with flagship shops opening in Dubai and Kuwait City.
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HAITI: Textile recovery relies on infrastructure improvements
Fri, 12 Mar 2010 14:54:00 GMT
Haiti's earthquake is likely to significantly bolster investment after the tragedy brought to light the country's major infrastructure problems, a leading textiles consultant has said.
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US: Zumiez FY profit dips despite strong Q4
Fri, 12 Mar 2010 12:39:00 GMT
Action sports apparel retailer Zumiez saw annual profits slump despite reporting improved earnings and revenues in Q4.
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UK: Lawson urges companies to heed recession lessons
Fri, 12 Mar 2010 11:16:00 GMT
Enterprise management systems provider Lawson is cautioning that unless the fashion industry accepts recession-fuelled change is permanent, companies will continue to struggle in any post-downturn recovery.
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US: Quiksilver posts Q1 loss
Fri, 12 Mar 2010 11:22:00 GMT
Surf wear firm Quiksilver has posted a first quarter loss, but said US retail trends were showing signs of recovery.
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US: Athletic footwear, apparel sales driven by innovation
Fri, 12 Mar 2010 11:24:00 GMT
The introduction of new and innovative athletic apparel and footwear products - and telling shoppers about them - is key to driving sales of these products, new research suggests.
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US: Aeropostale pleased with Q4 profit surge
Fri, 12 Mar 2010 11:55:00 GMT
US mall-based retailer Aeropostale has reported a 42% rise in fourth quarter profit, on the back of strong sales growth during the period.
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VIEWPOINT: Are retailers responsible for non-compliant factories?
Thu, 11 Mar 2010 17:27:00 GMT
The Bangladeshi apparel industry has a lamentable track record when it comes to factory safety, especially fires. But where does the industry draw the line when it comes to apportioning blame to retailers and buyers?
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BANGLADESH: Unions urge safety overhaul after factory fire
Thu, 11 Mar 2010 17:06:00 GMT
Workers unions and international labour-rights organisations are demanding an overhaul of safety regulations in the Bangladesh apparel industry after a fire killed 21 people at a garment factory at the end of last month.
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US: Hot Topic Q4 profit down as sales slide
Thu, 11 Mar 2010 14:39:00 GMT
Pop-inspired apparel retailer Hot Topic posted a 44% decline in fourth quarter profit to US$8m after experiencing a double-digit sales decline.
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US: Men's Wearhouse posts Q4 loss as sales fall
Thu, 11 Mar 2010 15:10:00 GMT
Retailer Men's Wearhouse posted a fourth quarter loss of US$18.9m, impacted by a 4% sales decline.
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US: Gymboree to expand into Middle East
Thu, 11 Mar 2010 15:18:00 GMT
Retailer Gymboree is expanding into the Middle East after signing its first retail franchise agreement, with Azadea G Group.
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Textile Archive
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